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Front.Law China 2010,5(4):580–599/ DOI 10.1007/s11463-010-0112-2/ RESEARCH ARTICLE/ Higher Education Press and Springer-Verlag 2010

By Yunbo Song/ School of Law,Hunan Normal University,Changsha 410081,China/ E-mail:syb118@126.com

'Conflicts and Coordination between the Right toIssue US Dollars as International Currency and the Protection of International Human Rights' [Received December 13,2009]

Abstract: In the existing global financial system,the US private central bank controls the right to issue international currency,while the rest of the world have to involuntarily leave their destiny to such system.In the current financial crisis, American government evaded and deviated from due regulation.It is virtually a robbery of other countries as well as a serious infringement upon international human rights.In such a situation,other countries should stick to the international community standard and the protection of international human rights to fairly distribute the interest deriving from the right to issue international currency,and establish a monetary exchange mechanism;or abide by the principle of“one world,one currency”and accordingly come up with a common international currency,or form a monetary union to safeguard the economic sovereignties;or enhance the due position,rights and interest of the developing economies in the existing international financial system;or strengthen efforts in reforming and building the regime of international financial regulation to prevent people’s legitimate property,rights and interest from being infringed.

Keywords: issue international currency,international human rights,US dollars, conflict,coordination

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